Phil Ivey Wins LK Boutique $250,000 Challenge

For the second time in the last three years, Phil Ivey has taken down the $250,000 LK Boutique Challenge at the Aussie Millions.

In 2012, Ivey bested Patrik Antonius during heads-up play to take down the first place prize of $2,000,000 AUD.

This year the turnout for the event was much bigger, which meant that Ivey walked away with $4,000,000 AUD for his victory.

The final table was filled with some of the biggest poker names in the world, as Ivey, Isaac Haxton, Daniel Negreanu and Tom Dwan all cashed in the event. Here is how the tournament ended up finishing out:

The final hand of the tournament came when Haxton decided to make his last stand holding 8s-7d. Ivey asked for a count and eventually made the call, flipping over Ah-6c.

The flop brought an Ace, putting Ivey far in the lead in the hand. The turn brought the 7s, which gave Haxton a bit of hope, but the 3s on the river sealed the deal for Ivey.

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With his victory in this event, Phil Ivey now has around $21.24 million in total lifetime tournament cashes. Ivey and Negreanu are now in a virtual tie for #2 on the all-time money list - both are approximately $5 million behind Antonio Esfandiari, who currently has over $26.2 million in total lifetime tournament cashes.